JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge
September 20 2024 - 8:04PM
The Daily Hodl
US banks are increasingly offloading billions of dollars in bad
debt that they’ve officially given up on collecting, according to
new numbers from the Federal Deposit Insurance Corporation (FDIC).
In its new Quarterly Banking Profile report, the FDIC says US banks
reported $21.3 billion in net charge-offs in the second quarter of
the year, due […]
The post
JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000
in Push To Offload Rotten Debt As Credit Card Delinquencies
Surge appeared first on The Daily Hodl.
...
Continue reading JPMorgan Chase, Wells Fargo and
Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt
As Credit Card Delinquencies Surge
The post
JPMorgan Chase, Wells Fargo and Bank of America Lose
$5,000,000,000 in Push To Offload Rotten Debt As Credit Card
Delinquencies Surge appeared first on
The Daily Hodl.
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